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not all that many years ago i would have absolutely agreed with your point of view. i lived in los angeles at the time of the great crash of the housing industry. i saw what the banks and even more the mortgage brokers, i saw what they were doing. if ever somebody made a case for why government should be regulating them that's exactly what these people did. now, you can argue that maybe they've learned their lesson. maybe they won't do it again, but is there any reason to expect they won't? >> they were regulating it. >> david: another reason the market is beginning to work in housing is because the government programs have tapered off. we had so many of them that did nothing for several years to improve the situation. as they taper off, surprise, the market improves. >> if the government had stepped aside three years ago, let it work out, we'd have a housing boom now. we need 1.5 million new houses a ware because of wear and tear and population increasing. the inventories would have been brought down quickly. more over, in terms of 10%, the government ends up guaranteeing a lot of those m
Search Results 0 to 3 of about 4 (some duplicates have been removed)